The stock of Snowflake Inc (NYSE: SNOW) has decreased by -2.64 when compared to last closing price of 166.29.Despite this, the company has seen a loss of -6.13% in its stock price over the last five trading days. fool.com reported 2024-12-22 that Snowflake (SNOW 1.27%) has experienced significant activity since its September 2020 initial pubic offering (IPO). Between the company’s rally in the bull market of 2021 and its lows amid a surprise leadership change earlier this year, investors generally have considered it an expensive stock.
Is It Worth Investing in Snowflake Inc (NYSE: SNOW) Right Now?
Moreover, the 36-month beta value for SNOW is 1.03. Analysts have varying opinions on the stock, with 22 analysts rating it as a “buy,” 9 as “overweight,” 14 as “hold,” and 1 as “sell.”
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The public float for SNOW is 304.95M and currently, short sellers hold a 4.47% of that float. On December 23, 2024, SNOW’s average trading volume was 7.14M shares.
SNOW’s Market Performance
SNOW’s stock has seen a -6.13% decrease for the week, with a -5.52% drop in the past month and a 43.91% gain in the past quarter. The volatility ratio for the week is 3.90%, and the volatility levels for the past 30 days are at 4.06% for Snowflake Inc. The simple moving average for the past 20 days is -6.23% for SNOW’s stock, with a 17.21% simple moving average for the past 200 days.
Analysts’ Opinion of SNOW
Many brokerage firms have already submitted their reports for SNOW stocks, with Wedbush repeating the rating for SNOW by listing it as a “Outperform.” The predicted price for SNOW in the upcoming period, according to Wedbush is $190 based on the research report published on November 25, 2024 of the current year 2024.
Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see SNOW reach a price target of $188, previously predicting the price at $140. The rating they have provided for SNOW stocks is “Buy” according to the report published on November 21st, 2024.
Monness Crespi & Hardt gave a rating of “Buy” to SNOW, setting the target price at $140 in the report published on November 06th of the current year.
SNOW Trading at 12.78% from the 50-Day Moving Average
After a stumble in the market that brought SNOW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.89% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares sank -3.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.26% upper at present.
During the last 5 trading sessions, SNOW fell by -6.32%, which changed the moving average for the period of 200-days by -0.51% in comparison to the 20-day moving average, which settled at $172.63. In addition, Snowflake Inc saw -18.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNOW starting from Dageville Benoit, who proposed sale 286 shares at the price of $165.31 back on Dec 23 ’24. After this action, Dageville Benoit now owns shares of Snowflake Inc, valued at $47,279 using the latest closing price.
Kleinerman Christian, the Officer of Snowflake Inc, proposed sale 861 shares at $165.31 during a trade that took place back on Dec 23 ’24, which means that Kleinerman Christian is holding shares at $142,332 based on the most recent closing price.
Stock Fundamentals for SNOW
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.67 for the gross margin
The net margin for Snowflake Inc stands at -0.33. The total capital return value is set at -0.24. Equity return is now at value -28.69, with -14.58 for asset returns.
Based on Snowflake Inc (SNOW), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 1951.87.
Currently, EBITDA for the company is -974.87 million with net debt to EBITDA at -0.35. When we switch over and look at the enterprise to sales, we see a ratio of 15.79. The receivables turnover for the company is 5.73for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
To wrap up, the performance of Snowflake Inc (SNOW) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
